Ripple Secures $200M Debt Facility From Neuberger Berman

CryptoFrontier

Ripple’s prime-brokerage unit secured $200 million in fresh financing from Neuberger Berman to expand margin offerings for institutional investors, according to executives. The asset-based debt facility was arranged through Neuberger’s specialty-finance group and can be drawn up to the full $200 million amount as client demand for leverage increases.

Facility Structure and Purpose

The financing enables Ripple to expand margin availability across traditional and digital asset markets. Institutional investors can use the borrowed capital to place bets across equities, fixed income, and cryptocurrency markets, with the amount available dependent on borrowing demand from market participants.

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